Canopy Rivers (CVE:RIV) Trading 8.1% Higher – Should You Buy?

Canopy Rivers Inc (CVE:RIV) shot up 8.1% during trading on Wednesday . The stock traded as high as C$2.61 and last traded at C$2.53. 984,044 shares traded hands during mid-day trading, an increase of 103% from the average session volume of 485,227 shares. The stock had previously closed at C$2.34.

Canopy Rivers Stock Up 8.1 %

The company’s 50 day simple moving average is C$2.53 and its 200-day simple moving average is C$2.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 34.04 and a current ratio of 34.09. The firm has a market capitalization of C$474.50 million and a PE ratio of 72.29.

Canopy Rivers Company Profile

Canopy Rivers Inc is a public investment firm. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies. It seeks to make minority stakes. The company is headquartered in Toronto, Canada.